National Debt solution?

The only precious metals being held would be private or foreign, as the gold once held in the United States for the government and even private Citizenry was confiscated in 1933 and melted down and sold. After it was no longer illegal to own, and to this day, U.S. assets are not held in PM's, and this can be researched from the Reagan era, the actual process was known as Reagan's Gold Commission, which found that not only do we not have any gold, but every penny collected from Federal taxation is wholly absorbed by the National Deficit before even a single Cent can be applied to any social programs.

Further, the debt is owed to a private banking cartel whose money is borrowed at face value plus interest by the Treasury Department. It's mathematically impossible to ever pay it off, and the process of paying the principal (through maturing Treasury Bonds) may seem to be a normal process if it wasn't laughable. This is because essentially, the U.S. "Government" is indebted to private interests which is not only criminal, it's covered up entirely by a bunch of crooked, lying, and mostly ignorant scumbags we elect and who know next to nothing about how we got here. Also, the nation's GDP is the factor often compared to the deficit, because this serves as an indicator on whether or not the country can make good on the interests payments on the principal. To the morons in politics like we just had this past term, they believe we can spend endlessly and never worry, because Americans will just have to work harder and make up the difference...somehow. The reality is, the numbers are huge, the formula for "how" is really about offsetting the interest with the GDP to keep borrowing for tomorrow, and all the land in the nation is the actual collateral. Ever wonder why property values went up so dramatically in recent years? And the rise in property tax is just a coincidence? Oh, and don't believe any of the "experts" because the interest rates are controlled by the very same private interests, so they can turn radical Leftists into heroes, and actual sensible Conservatives into thieves if they want to.

And if you think this is unique to the U.S. you should think again. The UK is still paying on debt created from the Napoleonic War, most of the World's countries in the EU are heavily in debt, and even Arab nations were flirting with the idea of World Bank and IMF debt as a business model, but they decided to jump on board the NDB (BRICS) train in January 2024 instead. The IMF / World Bank collective is currently composed of only 189-191 countries: List of World Bank members - Wikipedia
The countries with the "evil" BRICS alliance has its own "New Development Bank", but it is without true influence as long as the IMF and World Bank continue to hold on to the transfer/payments process technology, and to some degree the "petro-Dollar". If this is confusing, you should try finding out what happens to countries after they get involved with the World Bank/IMF and how they lose their sovereignty and are told what they can or cannot export for profit...just for starters.

Then we have special Globalist Enterprise Groups that are started to spread the fun even more: United Nations Sustainable Development Group - Wikipedia

I guess this is all just a basic primer to show you what the POWER of usury can bring to the table in place of ordinary economics, which went extinct early in the Industrial Age, before any of us were even born. Just to give you an idea about the mindset of how this globalist, competitive market works: https://worldfinancialreview.com/th...-western-economic-and-geopolitical-dominance/ This is how the battlefield is being laid out for the future. This is the real war being waged every day.

It's also a shame that the truth about this economic model isn't really taught in school until much later in College, and even then it's shielded by complicated terms and half truths. The stark reality is, the globalized mafia runs the show and it doesn't really matter who is elected as President or installed as Dictator because this system was designed to enslave the whole world. But, I suppose if the right people knew how it all worked, they might be able to jam a stick in the spokes of the wheel and beat the bike rider to death, steal the bike and maybe start some trouble in the neighborhood...

 

It doesn't matter because we don't have a gold backed currency. We have a FIAT currency, there's nothing backing the currency and the collateral for the loans necessary for operation is the nation itself, every scrap of land is collateral. Your life, your labor is collateral. Your debt is collateral.

There's no such thing as a gold backed currency in America.